Accounting - ACCT

ACCT F261 Principles of Financial Accounting (s)

3 Credits


An understanding of basic financial statements from a user perspective (investors, managers and creditors) is strongly emphasized. Material is presented in a fashion that promotes development of communication skills. The conceptual approach used in this course will sensitize the student to the implications of accounting decisions related to business transactions, while avoiding the detailed procedures that only accountants need to know. Emphasizes the recognition and recording of financial information, the creation and understanding of financial statements, and the role accounting information takes in business and society. Prerequisites: Sophomore standing or higher; placement, concurrent enrollment, or completion of MATH at the F100-level or above. (3+0)

ACCT F262 Principles of Managerial Accounting

3 Credits


Study of the generation and analysis of accounting information and its uses by managers as they engage in planning, control and decision-making activities in business and non-business organizations. Topics include product costing, cost-volume-profit analysis, relevant costs for decision-making and capital budget decisions. Prerequisites: ACCT F261. (3+0)

ACCT F263 Accounting Processes

1 Credits


Laboratory covering processes and procedures of accounting. Includes journals, ledgers and recording techniques, and understanding of contemporary accounting issues. Prerequisites: AIS F101; ACCT F261; ACCT F262 or concurrent enrollment in ACCT F262. (1+0)

ACCT F330 Income Tax

3 Credits
Offered Fall or Spring

Survey of basic concepts of federal taxation with emphasis on taxation of individuals and the impact of taxes on business and investment planning. Prerequisites: ACCT F361. (3+0)

ACCT F342 Managerial Cost Accounting

3 Credits
Offered Fall or Spring

Cost accounting with managerial emphasis on planning, control and decision making. Topics include cost-volume profit analysis, costing systems, profit planning, flexible budgets, standard costs, responsibility accounting, inventory costing alternatives and relevant costs for decision making. For accounting majors. Note: No credit may be earned for more than one of ACCT F342 or ACCT F352. Prerequisites: ACCT F262. (3+0)

ACCT F352 Management Accounting

3 Credits
Offered Fall or Spring

Business policy profit planning, resource planning, control concepts, reporting for management control and impact of public reporting on management decisions. Note: For non-accounting majors only. No credit may be earned for more than one of ACCT F342 or ACCT F352. Prerequisites: ACCT F261; ACCT F262. (3+0)

ACCT F356 Internship in Accounting

1-3 Credits
Offered As Demand Warrants

Supervised accounting work experience in an approved position related to the student's career interests. Number of credits earned depends upon the type of position and time worked. No student may count more than 9 internship credits towards an undergraduate degree, with these credits being electives. Internship credits may not be taken as one of the two required senior-level accounting electives. Prerequisites: Permission of the SOM advisor. (0+6-14)

ACCT F361 Intermediate Accounting

3 Credits
Offered Fall

Discussions of financial accounting topics from the perspective of both accounting practice and theory. Working capital and fixed asset accounts are emphasized. Ethical and international accounting issues are emphasized throughout the sequence. Prerequisites: ACCT F262. (3+0)

ACCT F362 Intermediate Accounting

3 Credits
Offered Spring

Discussion of financial accounting topics from the perspective of both accounting practice and theory. Long-term liabilities and stockholders equity are emphasized. Ethical and international accounting issues are emphasized throughout. Prerequisites: ACCT F361. (3+0)

ACCT F401 Advanced Accounting

3 Credits
Offered Fall or Spring

Accounting for business combinations: parent-subsidiary and home office/branch relationships, partnerships and multinational enterprises. Prerequisites: ACCT F362. (3+0)

ACCT F404 Advanced Cost Accounting and Controllership

3 Credits
Offered Fall or Spring

Study of the controllership function with emphasis on advanced cost and managerial accounting topics related to contemporary organizations. Prerequisites: ACCT F342. (3+0)

ACCT F414 O/2 Governmental and Nonprofit Accounting

3 Credits
Offered Fall or Spring

Accounting for governmental units, public schools, colleges and universities, health care providers, voluntary health and welfare organizations and other nonprofit organizations. Prerequisites: ENGL F111X; ENGL F211X or F213X; COMM F131X or F141X; ACCT F362; ACCT F452 or ACCT F472. (3+0)

ACCT F430 Advanced Taxes

3 Credits
Offered Fall or Spring

Advanced study of income taxation, emphasizing federal taxation of corporations and partnerships. Prerequisites: ACCT F330. (3+0)

ACCT F452 W Auditing

3 Credits
Offered Fall or Spring

Introduction to the professional standards and procedures applicable to an auditor's examination of financial statements. Compliance and Operational auditing, ethical and legal responsibilities, and international auditing issues emphasized. Prerequisites: ACCT F362; AIS F316; ENGL F111X; ENGL F211X or ENGL F213X. (3+0)

ACCT F472 W Internal and Government Auditing

3 Credits
Offered Fall or Spring

Internal auditing including financial, compliance and performance audits. An overview of auditing concepts and practice is discussed with specific application to internal auditing and governmental auditing, including federal and state single audits. For auditor practitioners and students without field experience in auditing. Prerequisites: ENGL F111X; ENGL F211X or F213X; ACCT F362 or instructor permission. (3+0)

ACCT F656 Internship in Accounting

1-3 Credits
Offered As Demand Warrants

Supervised accounting experience in an approved position related to the student's career interests. (Note: Number of credits earned depend on the type of position and time worked. No graduate student may count more than six internship credits towards a graduate degree with these credits being electives.) Prerequisites: MBA standing or approval of MBA director. (0+6-14)